High Impact Economic News

GDP in India will grow 7.2% in the year ending March 2019

The US-based rating agency, Moody's Investors Service, is out with its latest view on India’s growth prospects. Moody's says that supported by robust economic growth agency expects that real GDP in India will grow 7.2% in the year ending March 2019 and 7.4% in the following year, driven by investment growth ...

India to achieve key Paris climate goals 10 years before deadline

India is likely to achieve its two Paris Agreement goals 10 years before the 2030 deadline, according to US-based Institute for Energy Economics and Financial Analysis (IEEFA). IEEFA made this estimate ahead of India’s 2nd Biennial update report, which would be released by the Indian government today at COP24 Katowice, Poland.

India can play crucial role in reforming WTO: FICCI

India can play a crucial role in reforming the WTO by drawing nations to the discussion table for finding a workable solution, as the country is set to host the G20 summit in 2022, industry body FICCI said. Prime Minister Narendra Modi highlighted ...

India, UK to remain important partners post-Brexit

The India-Britain partnership will remain strong irrespective of the direction the ongoing Brexit negotiations take, India's new High Commissioner to the UK, Ruchi Ghanshayam, has said. The UK is set to exit the European Union on March 29, 2019.

Arun Jaitley to present interim budget on February 1

Finance minister Arun Jaitley will present the interim budget for 2019-20 fiscal on February 1, 2019. The finance ministry said "the work for preparation of interim Budget 2019-20 has already commenced and is now gaining momentum". This will be the sixth consecutive Budget to be presented by Jaitley.

Manufacturing PMI jumps to 11-month high of 54 in November on strong demand

Factory production accelerated further in November as the manufacturing purchasing managers’ index (PMI) rose to 54 against 53.1 in October. This index is prepared on the basis of a survey which is conducted among purchasing executives in over 400 companies.

India's FinTech adoption rate exceeds global averages

The level of financial technology (FinTech) adoption among digitally active Indian consumers has surged over the past two years and exceeded the global average. According to EY FinTech Adoption Index, India has the second highest FinTech adoption rate among digitally active consumers at 52 per cent, only second to China at 69 per cent.

India has presented a nine-point agenda to G20 member nations calling for a strong and active cooperation among them to comprehensively deal with fugitive economic offenders. he agenda was presented by Prime Minister Narendra Modi during the second session of the G20 Summit ...

UPI transactions cross 500 million in November

Monthly transactions through the Unified Payments Interface (UPI) crossed the 500 million mark for the first time in November, data released by the National Payments Corporation of India (NPCI) on Saturday showed.

Government extends deadline for filing TDS returns for Oct-Dec to Jan 2019

The government has extended the due date of filing tax deducted at source (TDS) returns under GST laws for the October-December period till January 31, 2019. The TDS provisions under the goods and services tax (GST)...